Invoice is more than 100% complete

User is working with a phased invoice that is showing more than 100% completion. How can that be possible?

Phased invoice templates calculate percent complete against the contract amount. The calculation is done as:

Percent Complete = (Billed Amount / Contract Amount) x 100 

If your 'Billed to Date' amount is greater than your 'Contract Amount', you receive more than 100% completion. Thus, it is not an error; the value shown is correct.

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